[Code of Federal Regulations] [Title 48, Volume 3] [Revised as of October 1, 2002] From the U.S. Government Printing Office via GPO Access [CITE: 48CFR226.7003-2] [Page 208] TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM CHAPTER 2--DEPARTMENT OF DEFENSE PART 226--OTHER SOCIOECONOMIC PROGRAMS--Table of Contents Subpart 226.70--Historically Black Colleges and Universities and Minority Institutions Sec. 226.7003-2 Set-aside procedures. (a) As a general rule, use competitive negotiation for HBCU/MI set- asides. (b) When using a broad agency announcement (FAR 35.016) for basic or applied research, make partial set-asides for HBCU/MIs as explained in 235.016. (c) Follow the special synopsis instructions in 205.207(d) (iii), (iv), and (v). (d) Cancel the set-aside if the low responsible offer exceeds the fair market price (defined in FAR part 19) by more than ten percent.